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Wells Fargo Express Equity® Line of Credit

Leverage the equity in your business or investment property with one of the following line of credit options. Our Advancing Term Line of Credit (ATLOC) has a 24 month draw period for large and/or multiple purchases such as real estate/vehicle/large equipment/capital assets, property improvement, and business expansion. The total balance then converts at month 25 to a Prime-based variable loan with a 25 year amortization schedule due in 10 years. The Working Capital Line of Credit (WCLOC) is used predominantly for true working capital or as an ongoing source of funds for property maintenance and/or improvements. This line of credit is subject to account review every five years. Take advantage of high line sizes, competitive rates and no up-front costs today.
Ideal ForBusiness owners and real estate investors who want to borrow against the equity in their property for large business expenditures.
How it Works
  • Save time with the streamlined application.
  • Pay no application, appraisal or title fees and save thousands of dollars.
  • Access a secured line of credit with:
    • Free personalized checks to pay vendors or employees, make purchases and more.
    • Your MasterCard® account access card to make business purchases at retailers, online and anywhere else MasterCard is accepted.
    • Telephone transfers.
    • Wells Fargo Business Online® Banking.
Does it work for you? Visit a Wells Fargo location near you.

Additional Information

Credit Amount
  • ATLOC: $100,000 to $500,000 (up to 75% LTV on first lien position and up to 70% on second lien position)
  • WCLOC: $50,000 to $500,000 (up to 75% LTV on first lien position and up to 70% on second lien position)
  • ATLOC: 24 month revolving equity line of credit that converts to a Prime-based variable interest rate 10/25 term loan with a 25 year amortization schedule due in 10 years. The monthly payment will adjust whenever there is a change in the Prime Rate.
  • WCLOC: A revolving equity line of credit, subject to review every five years.
Interest RatesVariable rate tied to Prime Rate.
  • Business or investment property valued up to $3 million1 (No second homes).
  • Investor or mixed-use properties welcome.
FeesApplies to both ATLOC and WCLOC unless otherwise noted.
  • Application Fee: None.
  • Title Fee: None.
  • Appraisal Fee: None.
  • Origination Fee: 1% of line amount, due at closing.2
  • Early Closure Fee: $1,500 early closure fee applies if you close your line of credit within 3 years of origination.
  • Annual Fee:
    • ATLOC: None
    • WCLOC:
      • 1st Year: Waived.
      • 2nd Year and beyond: One quarter of one percent (0.25%) of the line size, subject to a $250 minimum and $1,000 maximum.
Optional Features
For More Information
  • Review our Frequently Asked Questions.
  • Compare our business lines of credit.
How to Apply
1 Most property types are eligible. Environmentally sensitive properties may require an environmental loan insurance policy. Property located in a flood zone may require flood insurance. These expenses if applicable, are the borrowers responsibility. Collateral properties located in rural areas may not be eligible for this offer. Certain residential properties are not eligible. Please contact us for details. Note on Texas properties: Commercial property owners having a personal residence situated on, or adjacent to, the collateral property are not eligible for this offer.
2 A non-refundable deposit is due upon acceptance of terms, and will be applied at closing to the origination fee. The tiered deposit structure is $500 for lines up to and including $250,000, and $1,000 for lines above $250,000. Borrower is responsible for all state imposed fees and taxes, in addition to any legal fees.
Equal Housing Lender